BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2025

Accounting Policies [Abstract]

Schedule of Estimated Useful Lives of Hotel Properties and Related Assets

We generally depreciate our lodging properties and related assets using the straight-line method over their estimated useful lives as follows:

Classification	Estimated Useful Lives
Buildings and improvements	6 to 40 years
Furniture, fixtures and equipment	2 to 15 years

Investments in lodging property, net is as follows (in thousands):

	September 30, 2025		December 31, 2024
Lodging buildings and improvements	$	2,885,139	$	2,867,256
Land	411,975		415,574
Furniture, fixtures and equipment	304,156		296,476
Construction in progress	35,980		35,294
Intangible assets	32,267		32,267
Real estate development loan	4,576		4,576
	3,674,093		3,651,443
Less accumulated depreciation and amortization	(996,919)		(904,678)
	$	2,677,174	$	2,746,765